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Walmart’s Popular Early Pay Perk Had Surprising Impact on Staff

March 9, 2021, 9:42 PM

Three years ago, Walmart Inc. offered hundreds of thousands of its U.S. workers a new perk. Employees loved it. Rivals copied it. Now Walmart has reached a conclusion: It hasn’t quite worked as expected.

The perk is an app that gave employees the ability to tap their wages before payday, along with a bevy of other tools that helped them save more and forecast their earnings. It was supposed to help employees feel less stressed while boosting retention, among other benefits.

But it turns out employees who often choose to get paid sooner -- without using some of the app’s ...

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